Accord Financial Corp. (Accord) yesterday announced that it has established two new financing arrangements to support its Canadian small business lending division and BondIt Media Capital (BondIt), its US-based media financing arm. Both facilities provide a more competitive cost of funds compared to the funding they replace. The announcement follows on the company’s previously announced review of strategic initiatives, including efforts to generate additional capital to support portfolio growth.
“With these important milestones completed, we’re setting our sights on further strategic initiatives aimed at creating shareholder value over the course of 2024.”
